The "Underwriter Boot Camp" covers a variety of key mortgage underwriter functions, and consists of several instructor-led online training modules and an exam at the end of the course. The program is offered through the National Association of Mortgage Underwriters (NAMU®).

The Modules

Below are the module titles and just a few of the learning items covered in each module.

Mortgage Underwriting 101

• The 4 C's of Underwriting
• Credit Report Review
• Wage Earner Income Analysis and Calculation

Advanced Underwriting

• Analysis of Personal and Business Tax Returns
• Title Review
• Loan Documentation

FHA/VA Underwriting

• FHA/VA guidelines and rules
• Required documentation
• Underwriting/credit requirement/employment & income/assets
• Down payment requirements/borrowers minimum required investment

Due Diligence

• Manual income, credit, and appraisal underwriting
• Writing up compensating factors
• Identifying red flags

Calculating Income, DTI, And LTV Workshop

• Salaried and hourly wage calculations
• Overtime, bonus, commission, Social Security, pension, and other calculations
• Rental income calculations

Appraisal Review Workshop

• What to look for
• How to evaluate any "Special Aspects" of the subject property
• How to determine fraudulent information

Tax Returns Analysis Workshop

• Income Calculation Formulas
• Self-Employment Income Guidelines
• Personal & Business Tax Return Forms and Schedules

Anticipated Time To Complete

This online program will take approximately 24 hours to complete. You do not have to complete this program in one sitting - there are bookmarks that allow you to stop and restart as needed.

Access Information

Upon enrollment, you will receive an email from the course provider (CampusMortgage®) with links and passwords to access your course. You will have full access to the course and it's modules for one full year.